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Peter Koen is an Associate Professor in the Stevens Institute School of Business.. He is also currently the director of the Consortium for Corporate Entrepreneurship (CCE), which he founded in 1998, whose mission is to significantly increase the number, speed and success probability of highly profitable products and services at the “Front End of Innovation” (www.frontendinnovation.com). Current consortium members include ExxonMobil, Goodyear, Intel, P&G and WL Gore. Peter has also extensively published articles on the front end and founded the popular practitioner front end conference – which is now in its 15th year in the US and coined the term FEI. He has 19 years of industrial experience. His academic background includes a BS and MS in ME from NYU and a Ph.D. in Biomedical Engineering from Drexel. peter.koen@stevens.edu.
KEYNOTE: Why Do Most Large Companies Wither and Die?
What do Blockbuster, Circuit City, Britannica, Encarta, Kodak, Motorola, Nokia, Polaroid and RIM have in common? They all failed. the life span of the average company has decreased from 60 years in 1960 to 18 years in 2017. We have highlighted key practices at FEI conferences since our founding in 2003 which would have prevented many of these companies from failing. But few seem to be listening. Learn what these key practices are and why we can’t seem to change.
Part 1: LEAN Startup Workshop
LEAN Bootcamp with Stevens Institute of Technology and Former Senior Director of Operations for Intel’s New Business Initiative Group
This workshop will share how to apply lean startup in large organizations. Learn about how the Solution model, promoted by Eric reis and builds on the attributes of Human Centered design, has applicability to improve the innovation process of the entire corporation. Also learn how the Business model approach, promoted by Steve Blank, offers an entirely new process for transformational and disruptive innovations. However, lean startup by itself only provides a partial solution. Large enterprises also require a unique organizational structure and the understanding of the resources, processes and priorities in order to be successful with lean startup. Case studies done at companies (GE, Goodyear, Intuit, regal and a large medical device company) who have implemented lean will be discussed to learn practices that actually work. Attendees will “get out of the building” and work in teams to solve a wicked problem while mastering every step of the lean method along the way.
Part 2- LEAN Startup Workshop
LEAN Bootcamp with Stevens Institute of Technology and Former Senior Director of Operations for Intel’s New Business Initiative Group
This workshop will share how to apply lean startup in large organizations. Attendees will “get out of the building” and work in teams to solve a wicked problem while mastering every step of the lean method along the way.